Maruti Suzuki India Limited (MSIL), India’s largest car manufacturer has announced a price hike on all their models with effect from 1st October 2012. Prices have been increased between Rs.2,500 to Rs.5,250 or around 1% on all models. The price hike comes into effect despite sluggish market situation just prior to the festive season as it was mandatory to offset adverse impact of foreign exchange fluctuations and rising input costs.
MSIL currently sells a wide range of models in India right from their small and compact M800 which is priced at Rs.2.04 lakhs to the Maruti Suzuki Kizashi priced at Rs.17.5 lakhs. The price hike is expected to affect all models while at the same time the company is on the lookout for new markets to increase their exports so as to take the edge off fluctuations in foreign exchange. Maruti is scheduled to launch their new small car, Alto 800 later this month with an option of CNG as well. Price of the new Alto 800 small car is expected to be around Rs 2 lakhs.
MSIL is not the only company facing difficulties making it mandatory to increase prices. Honda Cars, General Motors and Audi India too have increased prices of their vehicles. Prices of Honda Brio, Jazz and City have been increased by 2.6% from 1st October 2012 while General Motors India have confirmed that prices of their models too have been increased while Audi have hiked prices of the Q3 by 2%. Only Tata Motors have actually reduced prices of their Indica eV2 by Rs.23,000 due to the fact that a new refreshed version is on its way and the company would like to sell off current stocks lying at company showrooms.
Bookings for the new Maruti Suzuki Alto 800 are now open. Click here to book the new Alto 800.